“Bullish Pullback” Leads The Daily Regime of Optimized Algorithms

As of today, Thursday, November 8, 2018, the return from my trading performance since January 1 stands at +97.1 accumulated profit points vs the benchmark SPY’s performance of +13.7 points over the same period. On Wednesday my performance was higher +4.7 in Risk-Off mode (shown above). Risk-Off mode is where trades are not extended and exits are bounded by predetermined time in trade limits absent other reasons to exit (e.g., price target or stop loss reached, etc.) On Wednesday, the SPY was up +5.9. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.7 points.

62 stocks traded yesterday: 48 long and 14 stocks traded short in the following sectors. 23/62 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 17 themes/strategies I determined overnight will best match what the market throws at us. I may or may not use all these intraday strategies depending on whether or not all the criteria for each are satisfied.

Of these 17 strategies selected today 11 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Bullish Pullback strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No.

Win%

Strategy

L/S

1

66.2

Bon Shorty

Short

2

73.7

Bullish Pullback

Long

3

60.3

Buyers Stepping In

Long

4

61.3

Downward Momentum

Short

5

64.2

Float On

Long

6

66.1

Knocking on Resistance

Short

7

59.1

Mighty Mouse

Long

8

65.1

Nickelback

Long

9

70.5

On Support

Long

10

61

Power Hour Long

Long

11

62.5

Putting on the Breaks

Short

12

64.7

Quarterback

Long

13

60.3

Slippery Slope

Short

14

62.9

Strong Stock Pulling Back

Long

15

66.7

Sunrise Mover

Long

16

59.6

Trend Trend Play Short

Short

17

63.5

Yesterday Hammer Today Strength

Long

Have a great morning. See you in the markets!

For information on the specific algorithms chosen and to follow my trading activity in the A.I. Channel, download the latest release of Trade Ideas Pro. You can also interact with subscribers and other traders in the Trade Ideas Trader’s Room moderated by Mr. Barrie Einarson, live during market hours. You can also follow me on social media at @TradeIdeas.

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